E-commerce

Derived from the phrase "electronic commerce," e-commerce refers to businesses that sell their products and/or services by way of the internet, frequently exclusively but not always. These transactions online transactions can derive from consumers or other businesses, with the two most common forms being from business to consumer (B2C) and business to business (B2B). Though e-commerce is typically associated with the internet, its origins originate from the 1960s, after the creation of the Electronic Data Interchange. EDI made the B2B or B2C communication process possible via electronic means as opposed to in person or on paper.